Clive Palmer, Australia’s fifth richest man, has announced plans to build a high-tech replica of the RMS Titanic, called Titanic II, 100 years after the original ship’s sinking, which will be completed in 2016.

Monday, April 30, 2012, Palmer confirmed the Titanic II, to be built in China and it will be the exact dimensions of the fabled doomed ship (880 feet long by 173 feet high) but feature upgraded technology and safety systems. Naturally, its maiden voyage will take it from England to New York.

Image Credit: msn.com

“It is going to be designed so it won’t sink … It will be designed as a modern ship with all the technology to ensure that doesn’t happen. But, of course, if you are superstitious like you are, you never know what could happen,” said Palmer.

The fifth richest man in Australia, with a net worth of more than $5 billion, revealed that his new company Blue Star Line Pty Ltd has commissioned the state-owned Chinese company CSC Jinling Shipyard to build the said ship.

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